Audnzdanalysis
AUD/NZD Rejecting From TrendlineThis is rejecting from the upper trendline. I want to see this continue to retrace to the support zone before rising and breaking above the trendline and onto the more significant downward trendline just above.
For best entry need to monitor this on 4HR timeframe using MACD and EMA's to find the moment this turns back higher from support. Another entry method would be to wait for this to turn higher and break the trendline and then enter a long on the retest of the trendline as a support.
Target is the major trendline above (marked in blue). Around 1.09500
AUD/NZD New Trade With Great Risk Reward Ratio Risk Reward 1:5 And Simple Setup Here
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AUD/NZD Possible Short FormingHi Traders
AUD/NZD (30M Timeframe suggesting a possible SHORT)
A medium to high probability, entry to go SHORT is forming @ 1.06435 after the market found resistance @ 1.06647. Only the upward break of 1.06647 would cancel this bearish scenario.
Trade details:
Entry: 1.06435
Stop loss: 1.06647
Take profit 1: 1.06327
Take profit 2: 106131
Take profit 3: 1.05812
Score: 6
Strategy: Bearish Trend Reversal
AUDNZD - Buy Entry - D1 Daily ChartAUDNZD - Buy Entry - D1 Daily Chart
Buy @ Current Market Price or on pull back into Buy Zone
Stop Loss @ 0.5% to 1% of your Account Balance
Take Profit @ mR1-Y1 - Possible TP @ 1.0875
Take Profit @ I will update when to close - Follow me to receive updates ✅
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AUDNZD short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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AUDNZD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
AUD/NZD 1H: Head And Shoulders👋 Hello and welcome traders to another trade
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AUD/NZD 4H👋 Hello and welcome traders to another trade
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||AUDNZD SELLERS HELD HOSTAGE ! ABOVE 1.080XBuyers of the aussie are holding bids @ 1.079x area and sellers are having to compensate their loses real quick as price tries to hold water at 1.0808x highs being tested multiple times ,over night trading in the asian markets will give push in price above 1.0808x zone and am expecting market reaction in london session above 1.082x area .
With no economic data until thurday on either currencies we should have strong technical bias on this trade from start of the week until we get both unemployment and interest rate figures towards the end of the week
Expecting an entry point in 1.084x area with it holding most sell side liqudity for a push lower to around 1.0793x
Ps-dabag